Step 1: 

The longer you save and invest your money, the better. Why?  Because your retirement benefit grows exponentially through time, thanks to the magic of compound interest. 

However,  if you take a portion of this benefit in cash when you leave the Fund, you are essentially bringing all your retirement savings and plans to a massive halt. Not only will you be taxed heavily when doing so, you’ll also have to start all over again, and you now have far less time to try and catch up. 

Make sure you preserve your benefit if you leave your employer and continue saving as much as you can. 

Visit the BENEFITS menu item above, if you consider changing jobs

Step 2:

This is probably the best time of your life to start contributing more to your nest egg. Hopefully, you’re in a more secure financial position, and so making additional contributions is a real possibility. This may sound like a broken record, but if you can, add a little extra each month, because a little now can go a long way for your future. So let your savings flourish and blossom and ultimately bear fruit.  

Don’t let anything get in the way of your long-term financial planning. 

Read about your contributions and speak to a financial planner to find out whether you are still on your way to a comfortable retirement (see the details below)

Click here  to read about your contributions

Step 3:

It’s likely that your kids have now matured.  By updating your Nomination of Beneficiary Form and your Funeral Nomination form, you can ensure that your loved ones will be cared for in the event of your death. This may not be a pleasant topic to think about, but it is a very important one. Don’t let them down – they will need your support.

Update your Nomination of Beneficiary Form and your Funeral Nomination form whenever you get married, divorced or get a child (very important)

Step 4: 

If you are invested outside of the Default Goals-Based LifeStage Model, it’s possible that your investments are too conservative, and thus that you are earning lower returns than you prefer and need to be earning. Ensure you are on the right track by checking in with your financial advisor from time to time. The future is not far off now. True wealth is peace of mind – not a fancy car or the latest gadgets. So, where exactly should your money be working for you right now?

Read up about the Fund investments and complete your Investment Option Form.  If you do not complete this form, you will stay invested where you are.

Please note: before you decide to choose an investment portfolio, please speak to a financial advisor.  See the details below.

Click here to read more about the Fund Investments.

Step 5: 

With age, comes wisdom. By now, you should have a clearer idea of your long-term plans than you did in your 30s. Make the most of the lessons you’ve learned and remember that being able to make sacrifices today for the sake of tomorrow is the sign of a truly mature individual. And of course, by sticking to your long-term retirement plan, you’ll be setting a great example for your kids.

Now, make sure you know how and where to see your Fund Accumulated Credit. 

Login to the Secure Member Portal to see your own values and how your Fund Accumulated Credit grows.     

Step 6: 

Get help and advice to help you plan for your journey to retirement and understand your benefits

Click here for contact details of financial advisors and benefits counsellors

Step 7:

Stay on top of what is happening in the Fund

Click here to read important communication from the Fund.

And just for fun!

Become financially savvy and grow your wealth by playing our fun simulation

Click here to read short, interesting articles on how to become financially savvy

Click here to play our LivFin$mart Simulation